Brian P. Quigley, Executive Vice President of Conor Commercial Real Estate, is pleased to announce that a long-term lease transaction was recently finalized with Box Partners at Northwest Pointe II in Elgin, Illinois.
The 385,300 S.F. industrial facility is well-positioned, located near the intersection of Galvin and Higgins Roads in Elgin, Illinois. It is situated on a 22-acre parcel within Northwest Corporate Park and offers direct access to I-90 via the Randall Road four-way interchange located within 1.5 miles of the property.
“We are thrilled to announce the signed leasing of Northwest Pointe II,” remarked Quigley. “Conor Commercial recognizes the assistance we have received from the city of Elgin and are thankful for all efforts involved in pushing this deal forward.”
Northwest Pointe II follows the successful development of the original Northwest Pointe, a 342,620 square foot speculative industrial facility that has been 100% leased and sold. The continued velocity of leasing activity and the depletion of existing industrial inventory within the North Kane County/I-90 market has provided the opportunity to develop this additional property. Conor Commercial plans to develop the next section, Northwest Pointe III, by summer 2018.
Box Partners was represented by Steve Bass of Lee and Associates while Ken Franzese and John Cassidy of Lee and Associates represented Conor Commercial. Northwest Pointe II is a joint venture between Conor Commercial and Globe Corporation. McShane Construction Company and Ware Malcomb comprised the design/build team.